At the close of Friday's trading session, the cloud computing sector took a hit. Salesforce.com (NYSE: CRM) was down 1.47% to close at $115.01. Content delivery network specialist Akamai (NASDAQ: AKAM) finished 1.33% lower to close at $49.77. Netflix (NASDAQ: NFLX) shook the sector when investors realized that Limelight Networks (NASDAQ: LLNW) was providing Netflix with a large chunk of business. Akamai shareholders were disappointed on the news. Limelight Networks was down 2.92% to close at $7.64, however the stock was up enormously earlier in the week. Finally, virtual machine maker VMWare weighed down on the cloud sector by closing down 2.74% to $80.99 per share.
The cloud stocks are up drastically since the beginning of the year ranging from 55% in CRM to 98% in LLNW. Will these stocks continue to lag the market, or will this week prove to be much more lucrative for the clouds?
No comments:
Post a Comment